How to mint an NFT? In this guide, we will tell you how to create an NFT. The process of making an NFT is very easy and not as technical as you would have imagined. With the right tool and basic computer skills, anyone can mint an NFT right away.
What Is an NFT?
An NFT (non-fungible token) is a special cryptographically generated token that uses blockchain technology to link with a unique digital asset that cannot be replicated. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different.
Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork.
How do NFTs work?
At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin.
NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes.
How to Create an NFT
Now that you are ready to create an NFT, you should get familiar with some factors that could sway your decision on where and how to create your first NFT. The first thing to have at the back of your mind is that several blockchains support the NFT token standard. The list includes:
Once you mint your NFT on any of the blockchains listed above, it is most likely impossible to transfer them or sell them on other blockchains. Currently, Ethereum is the most popular hub for NFTs. Ethereum is followed by Binance Smart Chain, which is more affordable when it comes to transaction fees.
How to Mint an NFT on OpenSea
You can Mint NFT on any marketplace of your choice but here we are talking about how to mint an NFT on OpenSea.
First, visit the official OpenSea platform, then click the Create menu on the top right corner of the website.
Follow the prompt to connect your MetaMask wallet and digitally sign a message on your wallet to confirm the ownership of the address.
Once this is done, hover your cursor on the Create menu on OpenSea and click My Collections.
On the new page, click the blue Create button and proceed to upload the artwork for your song, gifs, art or other supported digital items.
Add the name and description of your file and upload a banner image at the top of the page.
Once you have submitted the necessary information, you can go ahead to upload the image, art, audio or 3D model.
Once you have submitted the necessary information, you can go ahead to upload the image, art, audio or 3D model. There is an option to set special traits for the uploaded item. Here, you can set the scarcity, uniqueness or even locks for the NFT.
After you are done with all the extra customization, click Create to mint the NFT.
You will have to confirm the creation of the NFT on your wallet by signing another message. Immediately after the confirmation, your NFT should appear as a collectible on your wallet.
You can then list the NFT on the marketplace by clicking the Edit button. This will take you to a page where you can choose the ERC-20 token you want to receive as payment and set a royalty clause.